In a chat with ET Now, Samir Arora, Fund Manager at Helios Capital, shares his views on Budget 2014. Excerpts:

ET Now: From a market perspective, do you think this budget has ticked all the boxes?

Samir Arora: Yes, and more so because everybody is of the view it is unreasonable to think that you will get a detailed roadmap on each sector in six months. What you have got is a promise of the priorities, and then hopefully in the next six-nine months and around the time of the next budget, details on many of these.

But the main thing everybody is missing is that, at least from the market point of view, this government is a bit different because it does go bottom up. The speech was started with retrospective tax amendments or ringfencing and tax proposals. Jaitley did not start with subsidies and later move on to corporate or business as to what they were expecting. All things that business-people wanted were addressed upfront in the beginning during the first 10-15 minutes but yes, there were no details. To expect that in the six-week programme would actually be more negative.

The big bang in this budget is that things will be done bottom up and it is more on execution rather than giving some grand proposals, which after six months, will be forgotten. The bet is in a slightly different way from the previous government's proposals and the implementation of those proposals which never happened.